Price bottomed back in december and so far recovered by a 4,5x factor ( latest HH at about 13800$ ).
That's pretty similar to what happened just before the first 2 halvings ( we had a 4x to 6x price increase ).
Yet, as you may notice, the biggest part of the (supposed) bull run usually happens *AFTER* the halving and not *BEFORE*.
So unless you have some pretty good reason to ignore history altogether ( it may well be ) you'd better carefully buy the dips and not blindly trust the halving date itself.
Otherwise you'll risk to be an easy victim for ongoing speculation by strong hands.
Those who bought back at about 10000-12000$ already know what it means ...
On a sidenote, you may notice 2019 price recovery was much faster and abrupt compared to 2016, while the correctional phases were pretty similar in terms of timespan and extension.
So price may be ahead of its time.
That's pretty similar to what happened just before the first 2 halvings ( we had a 4x to 6x price increase ).
Yet, as you may notice, the biggest part of the (supposed) bull run usually happens *AFTER* the halving and not *BEFORE*.
So unless you have some pretty good reason to ignore history altogether ( it may well be ) you'd better carefully buy the dips and not blindly trust the halving date itself.
Otherwise you'll risk to be an easy victim for ongoing speculation by strong hands.
Those who bought back at about 10000-12000$ already know what it means ...
On a sidenote, you may notice 2019 price recovery was much faster and abrupt compared to 2016, while the correctional phases were pretty similar in terms of timespan and extension.
So price may be ahead of its time.
Note
If the chart above looks mangled take this as a reference:Note
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Note
Update:Awaiting weekly and bi-weekly close.
Note
Update:Note
On track. Will see.Note
Note
Update of opening chart, as of today:Almost there ...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.